Are You Rich Or Wealthy? It Comes Down To The Most Zeros

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Often by the time you’re thinking of retirement, you have had plenty of time to think about success, money and wealth. When you really get down to it, being rich is about having the most amount of zeros in your bank account, while being wealthy is about having the most zeros in your life.

What does that mean? It’s pretty obvious that lots of zeros in your bank account is a tangible sign of monetary success in life, resulting in what many people would call rich. But it’s more difficult to think about what it may mean to be wealthy, as that definition can vary widely between people and it often goes beyond just being rich monetarily.

When you think about being wealthy, it may help to think about having the most zeros in your life instead of in your bank account. This can mean living a life with zero regrets. Or instead, just visualizing filling up your life to the fullest it can be – adding to the “zeros” in your life account if you will. Adding more deposits into your “life account” might look like taking more vacations, or just spending more time with your family. It may look like opting to take more walks with your dog or to enjoy a sunset with a cold beverage. Adding “zeros” to your “life account” might involve you spending more time doing the things that you truly enjoy, and less time with the things that drain you.

The difference between being rich or wealthy comes down to where you have the most zeros – either in your bank account, or in your life, and how you prioritize them. There’s no right or wrong way to live either, and you can be both wealthy and rich at the same time, but it’s important to know that there is a difference.

While you can utilize many different tips to get rich and grow the zeros in your bank account, you’ll need to look inside yourself to understand what it would take for you to feel truly wealthy in your own life.

Disclosure: Diversified, LLC is an investment adviser registered with the U.S. Securities and Exchange Commission (SEC). Registration of an investment adviser does not imply any specific level of skill or training and does not constitute an endorsement of the firm by the SEC. A copy of Diversified’s current written disclosure brochure which discusses, among other things, the firm’s business practices, services and fees, is available through the SEC’s website at: Investments in securities involve risk, including the possible loss of principal. The information on this website is not a recommendation nor an offer to sell (or solicitation of an offer to buy) securities in the United States or in any other jurisdiction.

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